Entrepreneurs
Content
entrepreneurs and other variations«« v ariations««
Scottish Enterprise 28th April 2005 Nigel Todd n-zy n-zyme
this
diagnostic tool star ted
with a simple proposition
coul could d we dev devis ise e an an eas eas but effective method of identif ing entrepreneurs?
n-z me
new ones closet ones existing ones likely successes & likely failures«.
n-zy e
the
diagnostic tool has
evolved as we have looked at the key issues in more de tail
the
goalposts are still moving
the tool
is still being refined
as more potential uses are identified
n-zy me
inventor
entrepreneur
innovator
intrapreneur
n-z
our classic star ting point
what
ak s an
an ntr pr n ur?
n-z
TAKE RISKS
spot opportunities perseverance social skills
actions can effect outcomes need for achievement
n-z
are potential entrepreneurs easy to spot?
« is there any real benefi t in identifying entrepreneurs?? or do they µself select¶ the selves??
n-zy e
so we star ted to look at the problem in a different way
what about the entrepreneur within the organisation?
n-zy me
the
intrapreneur
n-z
e
the
intrapreneur has entrepreneurial skills «
TAKE RISKS
spot opportunities perseverance
social skills
actions can effect outcomes need for achievement
« blended with managerial skills, skills, but operates within the confines of an organisation
n-z me
an intrapr neur demonstrates c er tain skills «
understands the organisation¶s environment has an ability to adopt a multidisciplinary approach
encourages open discussion
challenges the system
builds a coalition of supporters n-z
an organisation¶s long term growth and sustainability requires «
new venture creation leadership succession planning Idea generation
how
do you identify the people who can achieve this within your organisa your tion?
n-zy me
introducing
the intrapreneur - innovator - (entrepreneur) diagnostic tool
n-zy me
the tool questions
23
responses on a scale of 1-10
3
scores generated out by measuring: innova tion potential en trepreneurial score in trapreneurial score
360
degree review ± ( own assessment can be compared to that of manager or peers)
results currently plotted on a spider diagram and µfour square¶ grid
n-zy me
the results the intrapreneur innovation scor e
intrapr eneurial scor e
entr epr eneurial scor e
n-zy me
the results the entrepreneur innovation scor e
intrapr eneurial scor e
entr epr eneurial scor e
n-zy me
the results the innovative employee innovation scor e
intrapr eneurial scor e
entr epr eneurial scor e
n-zy me
E II
high
manager
intrapreneur
employee
entrepreneur
intrapreneurial rating
low
entrepreneurial rating
low
high
n-zy me
identified target markets universities ± identifying potential entrepreneurs ...... larger organisations ± intrapreneurial talent spotting ...... general market ± identifying innovation potential
n-zy me
current status of diagnostic tool the
methodology is suppor ted by academic researc h ......
it has been conver ted into a practical format for practitioners to use ......
an interactive on-line version is being developed ......
output formats need refining ......
fur ther quantitative testing is due to take place
n-zy me
the approach
defining the entrepreneur « the research
high
propensity to take on moderate risk high potential oppor tunity recognition high perseverance high social skills high locus of control high need for achievement
BUT, what is the value of identifying someone as an entrepreneur?
« these traits and behaviours are all embedded in the corporate entrepreneur
n-zy me
the change of direction
defining the intrapreneur «
share the entrepreneurial tendencies and have additional managerial skills ; the
ability to adopt a multidisciplinary role
unders tanding the environment encouragemen t of open discussion crea tion of management options building a coali tion of suppor ters
BUT, what is the value of identifying somebody as an intrapreneur?
n-zy me
the approach identifying the intrapreneur « the benefits
target employees for :
stimulating new venture creation
managing spin-outs
leadership
succession planning and also «
enhance shareholder value
n-zy me
the approach
defining the inventor « the research
characterized by curiosity and experimentation
seek to generate new ideas deliberately or by accident
BUT, what is the value of identifying someone as an inventor ?
³
you either are one, or you are not´
n-zy me
the approach
defining the innovator « the research
no clarity in the literature ± fuzzy chasing shadows?
n-zy me
the approach our definition and philosophy «
an innovator achieves positive change to:
products & services
processes
society
environment
private life
everybody has the ability to become an innovator
it¶s a question of potential
n-zy me
the approach factors determining innovative potential «
±
creativity
±
human
capital
±
social capi tal
n-zy me
the conclusions identifying an entrepreneur is of little value in the practical world but, entrepreneurial traits and behaviours are evident in intrapreneurs there
are clear benefits to the organization in identifying intrapreneurs identifying an inventor is of little value in the practical world innovation underpins all three categories
there
are clear benefits to the organization in identifying individuals who have high innovative potential
n-zy me
the tool ± questions structure
Inno tion Potenti l Cr eati ity H man Capital S cial Capital tr r
ri l T i Risk Taking Oppor tunity Recognition Persever ance Social Skills Locus of Contr ol eed f or Achievement
I tr
r y y y y y
ri l T i M lti isciplinar y r le Understanding t e envir onment Encour age open discussion Cr eation of management options Building a collation of suppor ters
n-zy me
the way forward
Testing
ample estimated at between 100-200 360
degree reviews
wner managers
anagers and employees in private businesses
anagers and employees in the public sector /
reate a database for comparative analysis
nalyse the
sector
esults
Fur ther refinement of the tool
Translate into a web-based delivery format
Develop
Development
third
a version for specialist environments e.g.
reativity ab
of a marketing strategy
xecution of the marketing strategy
n-zy me
« and now its your chance to be guinea pigs!! many thanks
n-zy me
Scottish Enterprise 28th April 2005 Nigel Todd n-zy n-zyme
this
diagnostic tool star ted
with a simple proposition
coul could d we dev devis ise e an an eas eas but effective method of identif ing entrepreneurs?
n-z me
new ones closet ones existing ones likely successes & likely failures«.
n-zy e
the
diagnostic tool has
evolved as we have looked at the key issues in more de tail
the
goalposts are still moving
the tool
is still being refined
as more potential uses are identified
n-zy me
inventor
entrepreneur
innovator
intrapreneur
n-z
our classic star ting point
what
ak s an
an ntr pr n ur?
n-z
TAKE RISKS
spot opportunities perseverance social skills
actions can effect outcomes need for achievement
n-z
are potential entrepreneurs easy to spot?
« is there any real benefi t in identifying entrepreneurs?? or do they µself select¶ the selves??
n-zy e
so we star ted to look at the problem in a different way
what about the entrepreneur within the organisation?
n-zy me
the
intrapreneur
n-z
e
the
intrapreneur has entrepreneurial skills «
TAKE RISKS
spot opportunities perseverance
social skills
actions can effect outcomes need for achievement
« blended with managerial skills, skills, but operates within the confines of an organisation
n-z me
an intrapr neur demonstrates c er tain skills «
understands the organisation¶s environment has an ability to adopt a multidisciplinary approach
encourages open discussion
challenges the system
builds a coalition of supporters n-z
an organisation¶s long term growth and sustainability requires «
new venture creation leadership succession planning Idea generation
how
do you identify the people who can achieve this within your organisa your tion?
n-zy me
introducing
the intrapreneur - innovator - (entrepreneur) diagnostic tool
n-zy me
the tool questions
23
responses on a scale of 1-10
3
scores generated out by measuring: innova tion potential en trepreneurial score in trapreneurial score
360
degree review ± ( own assessment can be compared to that of manager or peers)
results currently plotted on a spider diagram and µfour square¶ grid
n-zy me
the results the intrapreneur innovation scor e
intrapr eneurial scor e
entr epr eneurial scor e
n-zy me
the results the entrepreneur innovation scor e
intrapr eneurial scor e
entr epr eneurial scor e
n-zy me
the results the innovative employee innovation scor e
intrapr eneurial scor e
entr epr eneurial scor e
n-zy me
E II
high
manager
intrapreneur
employee
entrepreneur
intrapreneurial rating
low
entrepreneurial rating
low
high
n-zy me
identified target markets universities ± identifying potential entrepreneurs ...... larger organisations ± intrapreneurial talent spotting ...... general market ± identifying innovation potential
n-zy me
current status of diagnostic tool the
methodology is suppor ted by academic researc h ......
it has been conver ted into a practical format for practitioners to use ......
an interactive on-line version is being developed ......
output formats need refining ......
fur ther quantitative testing is due to take place
n-zy me
the approach
defining the entrepreneur « the research
high
propensity to take on moderate risk high potential oppor tunity recognition high perseverance high social skills high locus of control high need for achievement
BUT, what is the value of identifying someone as an entrepreneur?
« these traits and behaviours are all embedded in the corporate entrepreneur
n-zy me
the change of direction
defining the intrapreneur «
share the entrepreneurial tendencies and have additional managerial skills ; the
ability to adopt a multidisciplinary role
unders tanding the environment encouragemen t of open discussion crea tion of management options building a coali tion of suppor ters
BUT, what is the value of identifying somebody as an intrapreneur?
n-zy me
the approach identifying the intrapreneur « the benefits
target employees for :
stimulating new venture creation
managing spin-outs
leadership
succession planning and also «
enhance shareholder value
n-zy me
the approach
defining the inventor « the research
characterized by curiosity and experimentation
seek to generate new ideas deliberately or by accident
BUT, what is the value of identifying someone as an inventor ?
³
you either are one, or you are not´
n-zy me
the approach
defining the innovator « the research
no clarity in the literature ± fuzzy chasing shadows?
n-zy me
the approach our definition and philosophy «
an innovator achieves positive change to:
products & services
processes
society
environment
private life
everybody has the ability to become an innovator
it¶s a question of potential
n-zy me
the approach factors determining innovative potential «
±
creativity
±
human
capital
±
social capi tal
n-zy me
the conclusions identifying an entrepreneur is of little value in the practical world but, entrepreneurial traits and behaviours are evident in intrapreneurs there
are clear benefits to the organization in identifying intrapreneurs identifying an inventor is of little value in the practical world innovation underpins all three categories
there
are clear benefits to the organization in identifying individuals who have high innovative potential
n-zy me
the tool ± questions structure
Inno tion Potenti l Cr eati ity H man Capital S cial Capital tr r
ri l T i Risk Taking Oppor tunity Recognition Persever ance Social Skills Locus of Contr ol eed f or Achievement
I tr
r y y y y y
ri l T i M lti isciplinar y r le Understanding t e envir onment Encour age open discussion Cr eation of management options Building a collation of suppor ters
n-zy me
the way forward
Testing
ample estimated at between 100-200 360
degree reviews
wner managers
anagers and employees in private businesses
anagers and employees in the public sector /
reate a database for comparative analysis
nalyse the
sector
esults
Fur ther refinement of the tool
Translate into a web-based delivery format
Develop
Development
third
a version for specialist environments e.g.
reativity ab
of a marketing strategy
xecution of the marketing strategy
n-zy me
« and now its your chance to be guinea pigs!! many thanks
n-zy me
